Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

AN APPRAISAL OF THE NATURE AND SIGNIFICANCE OF MANAGEMENT ACCOUNTING ( A CASE STUDY OF DUNLOPE NIGERIAN PLC)

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis ::   4,208 people found this useful

Project Body:

ABSTRACT

The  researchproffers an appraisal of the nature and significance of  management accounting . it analyses the nature of management accounting

 And portrays its significance in aiding management decision making.it provides management information used to measure progress towards

Organizational objectivesand highlight any potential problem ahead.

A      Case study is provided on the nature and significance of management accounting in Dunlopenig PLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTRODUCTION

Management accounting is the development of information for insiders such as company managers. Managers use this information to measure the progress toward their goals and highlight any potential problems in advance.Forexample, managers want to know which products have the best sales

And which are selling poorly. Which products tend to sell together? How  is inventory being managed? What about cash? Will the firm have enough cash to pay its upcoming debt payments?

Acountants answers these questions with budgets , variance reports, sensitivity analysis, revenue reports, cost projections,and even analysis of competitors.When firms consider how to expand products and services, managerial accountants help formulate profit projections from revenue and cost projections. In short, managerial accounting has historically played a large part in the control and evaluation of the business and its performance.

 

 

 

CHAPTER    1

  1. BACKGROUND OF THE STUDY

 

Financial accounting provides information for outsiders. Whereas managerial accounting reports may break down performance for

Managers by individual products or regions of the country, finanacial reports summarise the business as a whole, although they can be broken into

Business segments and regions. In the case of Publicly held companies, these reports are the quarterly and annual financialstatements that they must file with the securities and exchange commission (SEC).

During the last two decades ,the role of accounting departments within companies has changed. Instead of simply providing information to insiders and outsiders , accounting departments have begun the transition into being profit centers, instead of simply reporting the quarterly profits of the firm, accounting departments are asked to increase profits through application of accounting methods. Different methods often lead to different

Levels of reportable profits.The reporting of profits, therefore can be both an art and a science. This process is known as managing earnings.

For example, accountants may feelpressure to meet internal targets .Managers may want to show theiremployees and the board of directors that they were able to increase revenue and decrease cost.

The research seek to provide an appraisal and of the nature and significance of management Accounting with a case study of Dunlope Plc.

 

 

 

  1.                   STATEMENT OF THE PROBLEM

 

The inability of many organization to afford the service of A MANAGEMENT ACCOUNTANT is depriving many organization the needed

Datas and information for quality management decision making.such organization lack the neededaccounting report s such asbudgets, variance reports, sensitivity analysis, revenue reports,cost projections etc. The effect is poor management decision leading to waste and improper use of resources, high cost expenditure, low revenueand loss of profit.Management accounting is the development of information for insiders such as company managers. Managers use this information to measure the progress toward their goals and highlight any potential problems in advance.forexample ,managers want to know which products have the best sales and which are selling poorly. Which products tend to sell together?, Howis inventory being managed? What about cash? Will the firm have enough cash to pay its upcoming debt payments?Acountants answers these questions with budgets , variance reports, sensitivity analysis, revenue reports, cost projections,and break even analysis of competitors.When firms consider how to expand products and services, managerial accountants help formulate profit projections from revenue and cost projections. In short, managerial accounting has historically played a large part in the control and evaluation of the business and its performance.

Therefore the problem confronting thisresearch is toprovide an appraisal of the nature an significance of management accounting with a case study of DUNLOP PLC

 

 

 

 

  1. RESEARCH QUESTION
  1. What is  the nature and significance of management accounting
  2. What is the nature and significance of management accounting in Dunlop plc.

 

 

 

  1. OBJECTIVE OF THE RESEARCH

1   To    determine    the nature of management accounting

  1. To determine the significance of management accounting
  2. To determine the nature and significance of management accounting in DUNLOP PLC.

 

 

 

 

1.5         SIGNIFICANCE OF THE STUDY

 

        The study shall provide the  principles and methodology  of management accounting statements

       It shall  state its significance and provide use information to managers and accounting officers on the use of management accounting.

 

 

 

1.6      STATEMENT OF HYPOTHESIS

        1   Ho    quality of management decision in Dunlop is low

             Ho       quality of management decision in Dunlop is high

 

       2    Ho    management accounting is not significant in Dunlop

              Hi    management accounting is  significant in Dunlop

 

      3       Ho      Impact of management accounting on management decision  in Dunlop is low

               Hi        Impact of management accounting on management decision  in Dunlop is  high

 

1.7              SCOPE OF THE STUDY

     The study focuses on the appraisal of the nature and significance of management accounting with a case study of Dunlop plc.

 

 

 

 

 

 

 

 

 

  1.                            DEFINITION OF TERMS

 

MANAGEMENT ACCOUNTING DEFINED

 

Management accounting is the development of information for insiders such as company managers. Managers use this information to measure the progress toward their goals and highlight any potential problems in advance.forexample ,managers want to know which products have the best salesAnd which are selling poorly. Which products tend to sell together?, How  is inventory being managed? What about cash? Will the firm have enough cash to pay its upcoming debt payments?Acountants answers these questions with budgets , variance reports, sensitivity analysis, revenue reports, cost projections,and even analysis of competitors.When firms consider how to expand products and services, managerial accountants help formulate profit projections from revenue and cost projections. In short, managerial accounting has historically played a large part in the control and evaluation of the business and its performance.

 

FINANCIAL ACCOUNTING

Financial accounting provides information for outsiders.whereas management accounting reports may break down performance for managers by

Individual pproducts or regions of the country, financial reports summarise the business as a whole  eg income statement, balance sheet, statement of cash flow.

 

AUDITING

This is an independent examination of and expression of opinion on the financial  statement of an enterprise by an appointed auditor in pursuance of that appointment and in compliance with any relevant statutory obligation.

 

INTERNAL    AUDITOR

Their responsibility is to oversee the firms financial and operating procedures, to check the accuracy of the financial recordkeeping to implement improvements with internal control to ensure compliance with accounting regulations and to detect  fraud

 

EXTERNAL AUDITOR

 External auditor are accountants from outside the firm who review the firms financial statement and its procedures for producing them. Their

Job is to attest to the fairness of the statement and that they materially represent the condition of the firm.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REFERENCES

ROBERT HELLER (2002) MANAGERS HANDBOOK

MILLICHAMP A H (1992). AN INSTRUCTIONAL MANUAL FOR ACCOUNTING STUDENTS

DEMESETZ,H (1983) THE STRUCTURE OF OWNERSHIP AND THE THEORY OF FIRM; A JOURNAL OF THE LAW AND ECONOMICS.

MANUEL G.(1999) BUSINESS ETHICS CONCEPTS AND CASES


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   14721 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   12119 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7461 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   8409 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7607 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   6310 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:67
Attribute:Questionnaire, Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives